Core & Main, Inc. CNM will release earnings results for the third quarter, before the opening bell on Tuesday, Dec. 3.Analysts expect Core & Main to report quarterly earnings at 66 cents per share. That's up from 52 cents per share a year ago. The Saint Louis, Missouri-based company projects to report quarterly revenue of $1.99 billion, compared to $1.83 billion a year earlier, according to data from Benzinga Pro.On Nov. 7, Core & Main said it has closed its previously announced acquisition of substantially ...

The latest trading session saw Core & Main (CNM) ending at $42.73, denoting a -1.95% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily gain of 0.1%. Elsewhere, the Dow gained 0.69%, while the tech-heavy Nasdaq added 0.06%.Heading into today, shares of the distributor of water and fire protection products had lost 1.07% over the past month, lagging the Industrial Products sector's gain of 4.85% and the S&P 500's gain of 4.37% in that time.Analysts and investors alik ...

In the latest market close, Core & Main (CNM) reached $46.09, with a -1.35% movement compared to the previous day. This move lagged the S&P 500's daily loss of 0.18%. Meanwhile, the Dow experienced a drop of 0.8%, and the technology-dominated Nasdaq saw an increase of 0.27%.Shares of the distributor of water and fire protection products have appreciated by 7.63% over the course of the past month, outperforming the Business Services sector's gain of 4.62% and the S&P 500's gain of 4.46%.The investment commun ...

Core & Main (CNM) closed at $43.45 in the latest trading session, marking a +1.73% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.71%. At the same time, the Dow added 1.03%, and the tech-heavy Nasdaq gained 0.6%. Heading into today, shares of the distributor of water and fire protection products had gained 12.04% over the past month, outpacing the Business Services sector's gain of 5.54% and the S&P 500's gain of 6.41% in that time. Market participants will b ...

DougVonGausig Core & Main, Inc. (NYSE:CNM) recently published their Q2 2024 results on September 4. On the day of the earnings release, the share price fell by over 15%, leaving shareholders questioning how much further it could drop until the end of the year. In this article, I will discuss Core & Main's recent performance, with a focus on the pressures and headwinds that the company is currently facing, including weather disruptions, lower steel pipe prices, and a slowdown in commercial projects. In the O ...

Analysts cut their price targets on the company in the wake of its disappointing quarter. It wasn't shaping up to be a good stretch of days for Core & Main (CNM 0.13%) shareholders. In the abbreviated trading week, the specialized industrial company's stock tumbled by almost 21%, according to data compiled by S&P Global Market Intelligence. The major news from the company during the period wasn't very encouraging, after all. Nor was the resulting clutch of analyst price target reductions. A quarter to forge ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Let's take a look at what these Wall Street heavyweights have to say about Core & Main (CNM) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Core & Main currently has an average brokerage recommendati ...

Key Takeaways Infrastructure company Core & Main missed profit and sales estimates as bad weather and macroeconomic conditions had an impact on its results. The supplier of pipes also cut its full-year guidance. Core & Main's stock dropped Wednesday, turning negative for the year so far. Shares of Core & Main (CNM), which supplies pipes for water, wastewater and other uses, posted worse-than-expected results and cut its outlook after it said bad weather and economic conditions affected sales. The news dragg ...

业绩总结 - 2024财年第二季度净销售额为19.64亿美元，同比增长6%[23] - 2024财年第二季度毛利润为5.18亿美元，同比增长3.4%[24] - 2024财年预计调整后的EBITDA为9.1亿美元[12] - 2024财年净销售额预期在73亿至74亿美元之间，同比增长9%至10%[35] - 2024财年调整后EBITDA预期在9亿至9.3亿美元之间，同比下降1%至增长2%[35] - Q2'24调整后EBITDA为257百万美元，同比下降5%[25] - Q2'24净销售额为1964百万美元，同比增长5.5%[46] - Q2'24调整后EBITDA利润率为13.1%，较Q2'23下降140个基点[25] 用户数据 - 2024财年第二季度的客户数量超过6万[8] - 2024财年第二季度的产品SKU数量超过20万[12] - 公司在美国的市场份额为17%，总可寻址市场（TAM）为390亿美元[13] 现金流与负债 - 公司在2024财年第一季度的运营现金流为11亿美元[13] - 截至2024年7月28日，净债务杠杆为2.7倍[27] - 总流动性为999百万美元[28] - 预计2024财年运营现金流转化率为65%至75%[35] 未来展望 - 预计未来20年内需要22000亿美元用于基础设施的修复和升级[16] - 2024财年调整后EBITDA利润率预期在12.3%至12.6%之间[35] 市场与扩张 - 公司在49个州运营，拥有350多个分支机构[10][12] - 2024财年第二季度的员工人数约为5500人[9] 收购与投资 - 自2017年以来，公司已在35次收购中部署约17亿美元的资本[41]

财务数据和关键指标变化 - 第二季度净销售额增长约6%至19.6亿美元,主要由于收购带来的9个百分点增长 [32] - 毛利率为26.4%,与上年同期26.9%相比下降约50个基点,符合预期 [32] - 销售、一般及管理费用增加13%至2.68亿美元,主要由于收购带来的增加 [34] - 净利润为1.26亿美元,较上年同期1.64亿美元下降约8% [35] - 调整后EBITDA减少约5%至2.57亿美元,调整后EBITDA利润率下降140个基点至13.1% [36] 各条业务线数据和关键指标变化 - 公司为水、污水、排水和消防产品的领先专业分销商,服务于市政、非住宅和住宅终端市场 [7][8] - 公司产品和解决方案在改善水质、减少水资源短缺和防洪方面发挥关键作用 [9] - 公司表现低于预期,主要由于项目延迟和市场需求下降 [12][13][14] - 公司的仪表销售增长48%,表现优于整体市场 [14] 各个市场数据和关键指标变化 - 住宅地块开发在大部分季度保持积极势头,但7月开始有所减弱 [13] - 市政需求略低于预期,主要由于地方项目延迟 [13] - 非住宅建筑活动表现参差不齐,尤其是消防业务 [14] 公司战略和发展方向及行业竞争 - 公司通过收购拓展业务,包括进入加拿大市场,扩大地理覆盖范围和服务能力 [11][18] - 公司专注于执行长期战略,保持灵活性应对经济环境变化 [99][100] - 公司在高度竞争的行业中提供公平、透明的定价,并提供替代产品帮助客户降低项目成本 [21][22] 管理层对经营环境和未来前景的评论 - 公司对长期需求特征保持乐观,尽管短期面临一些挑战 [100] - 公司对未来增长机会充满信心,将继续投资于有机增长和并购机会 [99][100] 其他重要信息 - 公司宣布人事变动,Brad Cowles和Mike Huebert加入公司担任关键职位 [10] - 公司维持强劲的现金流和资产负债表,为投资增长和回报股东提供支持 [36][37][96] 问答环节重要的提问和回答 问题1 **Kathryn Thompson 提问** 询问SG&A费用的具体构成和未来走势 [43] **Mark Witkowski 回答** SG&A费用增加主要由于收购带来的影响,未来将通过协同效应来优化SG&A [44] 问题2 **Dave Manthey 提问** 询问PVC管道在公司销售和毛利中的占比,以及应对价格下跌的措施 [47][48] **Mark Witkowski 回答** PVC管道占公司销售约25%-30%,公司有灵活的成本结构应对不同市场环境 [48] 问题3 **Matthew Bouley 提问** 询问毛利率未来走势,以及8月份销售情况与二季度的差异 [53][54][55][56][57][58] **Mark Witkowski 回答** 预计毛利率将从二季度水平逐步提升,8月份销售情况有所好转但仍与二季度持平 [54][57][58]